MicroStrategy's unrealized profit increased to $3.5 billion

MicroStrategy's unrealized profit increased to $3.5 billion

user avatar

by Max Nevskyi

3 years ago

In January, the company MicroStrategy increased its portfolio of bitcoins by acquiring an additional 850 BTC, bringing the total number of bitcoins held on its balance sheet to 190,000 units. The average acquisition cost of these cryptocurrencies was $31,224 per BTC. Thanks to the rise in the price of Bitcoin above $50,000, the company's unrealized profit reached $3.56 billion.

As of February 5, 2024, the total value of bitcoins on MicroStrategy's balance sheet is estimated at $5.93 billion. If the company were to liquidate its Bitcoin portfolio at the current market price, its unrealized profit would be $3.56 billion. This represents a significant increase compared to December 2023 when the profit was $1.98 billion amidst Bitcoin's price above $41,000.

This growth in unrealized profit underscores MicroStrategy's strategic approach to investing in Bitcoin and demonstrates a significant increase in the value of their investments amidst the fluctuations in the cryptocurrency market.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Criminals Use AI-Powered Tools for Cyber Attacks in India

Criminals are using AI-powered tools to conduct financially motivated cyber attacks against entities in India.

user avatarAisha Farooq

MEXC Enhances Security Measures and Capital Reserves

MEXC enhances its security framework and capital reserves by adding 1,000 BTC to its Futures Insurance Fund, aiming to protect user assets and provide a risk buffer during extreme market conditions.

user avatarTenzin Dorje

MEXC Unveils AI Trading Report with Key Insights from Crypto Traders

MEXC has released an AI Trading Report based on a survey of 3,708 crypto traders, highlighting the use of AI in trading strategies and user preferences for control and risk management.

user avatarBayarjavkhlan Ganbaatar

BingX EU Achieves MiCA License to Expand Crypto Services in Europe

BingX EU MEGE zweite GmbH has obtained a MiCA license from Austria's FMA, allowing it to offer regulated crypto services across 29 EEA countries.

user avatarMohamed Farouk

Zcash Faces 11% Decline Amid Growing Market Concerns

Zcash has experienced an 11% decline in the past 24 hours, raising concerns about market stability and the impact of AI on cryptography.

user avatarElias Mukuru

HTX Strengthens Global Compliance and Showcases at TOKEN2049

HTX has made significant strides in global compliance initiatives while participating in TOKEN2049, a major event in the crypto industry held in Singapore.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.